KeyBank · Oregon · 2025

KeyBank in Oregon: approval rate, denial rate and rates (2025)

KeyBank took 829 mortgage applications in Oregon in 2025, ranking #51 of 700 lenders active in the state. It originated 56.7% of them and denied 26.5% (31.4% of the applications it decided), against a statewide denial rate of 15.3%.

829Applicationsin OR
31.4%Decision denial ratestate 19.2%
6.88%Median ratestate 6.75%
$255,000Median loanstate $275,000
$195MVolume26 counties

KeyBank in Oregon vs the state

26.5%Denial rate+11.23 pts vs state
31.4%Decision denial rate+12.22 pts vs state
56.7%Origination rate-3.93 pts vs state
6.88%Median rate+0.13 pts vs state
0.30Rate spread (pts)+0.02 pts vs state
$116kMedian applicant income
470Loans originated
220Denied

Trend in Oregon

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,25068729.0%7.50%#24
202477538631.5%6.88%#49
202582947026.5%6.88%#51

What KeyBank lends in Oregon

By loan purpose

Home purchase 245 30% · 7.8% denied
Refinance 166 20% · 28.9% denied
Cash-out refinance 99 12% · 41.4% denied
Home improvement 185 22% · 33.5% denied
Other / HELOC 134 16% · 37.3% denied

By loan type

Conventional 796 96% · 26.8% denied
FHA 26 3% · 23.1% denied
VA 7 1% · 14.3% denied

Why it denied Oregon applicants

Credit history 72 33%
Incomplete application 63 29%
Debt-to-income ratio 38 17%
Collateral 24 11%
Other 21 10%
Insufficient cash 2 1%

Where in Oregon

Counties with the most KeyBank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Washington County 1558938 24.5%
Multnomah County 1357535 25.9%
Clackamas County 1156826 22.6%
Marion County 1025926 25.5%
Linn County 794527 34.2%
Lane County 733623 31.5%
Yamhill County 31219 29.0%
Jackson County 25158 32.0%
Benton County 21134 19.0%
Polk County 1546 40.0%

Other large lenders in Oregon

LenderGradeApplicationsDenial rateMedian rate
Onpoint Community Credit UnionB 10,71015.7%7.50%
Rocket MortgageC 6,64916.3%6.75%
United Shore Financial ServicesB 6,60010.4%6.25%
Guild MortgageA 6,0342.6%6.55%
U.S. BankD 4,87531.6%7.85%
Umpqua BankC 3,15523.0%7.50%
NewrezD 2,94512.9%6.63%
CMG MortgageA 2,7022.9%6.50%
Pennymac Loan ServicesC 2,64210.2%6.62%
Rogue Credit UnionC 2,51110.2%7.49%

Frequently asked questions

Oregon: 829 applications in 2025, of which 470 were originated and 220 denied.

26.5% of all applications, or 31.4% of the applications it actually decided on. The Oregon statewide average across all lenders was 15.3%.

The median rate on loans KeyBank originated in Oregon in 2025 was 6.88%, against a statewide median of 6.75%.

About this data. Figures are KeyBank's own HMDA filing for properties located in Oregon, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology